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    SPX Credit Spread Trader

    Nope, it's really cheap, low prob, high reward. I found this on betonmarkets. YOU wish to win USD100 if S&P500 Index touches *both* 1223 and 1261 in the period between now and 6-Jul-06 (inclusive). The cost of this bet is USD16.77 The odds on this bet are EU:5.96 UK:104/21 US:496 (-20)...
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    SPX Credit Spread Trader

    Ok coach, how 'bout this... A double touch barrier option into the Fed. I've noticed after the typical 25 bip hike(which I also think they'll do until kingdom come, btw), the markets initial knee jerk reaction tends to be the opposite of where the market wants to trade or follow through a day...
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    Wall Street 2 The Movie

    I saw it somewhere today, I think it was at gawker media. I can't find the link tho.
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    SPX Credit Spread Trader

    Do we have any credit spread traders left in here? It seems the tidal wave that came through the market the past 8-10 weeks or so has wiped out some good trader folks. I'm on the sidelines myself as I'll be the first to admit I had an NDX and OEX ic go almost max loss on me. It's tough to...
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    SPX Credit Spread Trader

    Congratulations Coach! :D
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    Pairs Trading?

    :eek: oops, sorry Don I did mean a backspread. I did come on a bit strong there. I guess my point was that ratio spreading and pairs trading as you alluded to are 2 very different vehicles. But sure, any time you are short more options than you are long, the risk is significant up to...
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    Where to get accurate IV for pricing?

    Ok, here's a random question. INTC traded over 11K auggie 17.50 line calls. Most were bot on the offer. I would say the mm needs to hedge these immediately, no? (imagine being short that many calls and bill gates and w. buffet decide to purchase intc at a 50% premium instead of their...
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    Pairs Trading?

    Not only is this statement an inexactitude, but a falsehood too. The maximum risk in a ratio spread is when the underlying expires at the short strike. In the case of calls, those so called multi level buyouts will yield you a huge profit. On the flipside, if the stock goes to 0 you only lose...
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    Question about being exercised in a butterfly

    Theta is far from static(linear). It accelerates as expiry approaches. Extrinsic value=otm premium. for atm and itm options subtract intrintic value(the meat) to get to the fat(time value).
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    Buffett to give fortune away

    Buffett set to disburse $42 billion fortune amongst 5 foundations Updated 6/25/2006 5:32 PM ET OMAHA (AP) — Billionaire investor Warren Buffett announced plans Sunday to give the bulk of his roughly $42 billion fortune to five foundations in annual gifts of stock starting next month. The...
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    I am new

    I think people put too much weight on the greeks. If you have 50K and carry only a few positions per month, you don't need to calculate and recalculate the greeks. As long as you know how each position reacts to different variables(underlying movement, IV change), you can adjust or close each...
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    Fortune Magazine

    That's child's play. The ISDA estimates that total otc volume last year was over $261 trillion.
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    Best trading blogs

    I would fuck the bullshit out of Sienna Miller. Jude Law is an idiot for cheating on her. Although Hollywood isn't exactly the monogamy capital of the world either. This is a good blog too... http://dayshark.blogspot.com/
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    Favorite movie qoutes that apply to trading

    "Obviously you're not a golfer" :p
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    T-Shirts are here!

    T-Shirt Company Pokes Fun at Finance Industry By Maggie Shea, HedgeWorld Staff Writer Thursday, June 22, 2006 10:40:49 AM ET STOWE, Vt. (HedgeWorld.com)—For those who toil in the world of Wall Street and the financial markets, dead cat bounces are everyday occurrences and naked...
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    Would you let McMillan control your money?

    Call 'em up! Hedge Fund McMillan Analysis Corporation is the Portfolio Manager for the Hardel Volatility Arbitrage Fund This is a 3(c)(7) fund. For further information, please visit www.hardelcapital.com or contact: Brian Toelle Managing...
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    Cancel My Account!

    Imagine a world without salesmen! This is an Utopian ideal if there ever was one. Gentleman, I'm afraid 'sales' is deeply rooted in our capitalistic society and that 'sales job' will be around for as long as mankind. Once you get to know us, salesmen are real swell guys, honest. :D
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    Cancel My Account!

    Doode, The cancel specialist(see=salesman) was just trying to figure out the guy's usage. His records indicated over 500 log-on hours. Obviously, he's a heavy internets user, and was trying to upsell him with broadbroad or dsl or whatever. The canceller was kinda being a jackoff about it...
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    SPX Credit Spread Trader

    rally, can you chart equity spreads(like the above ES) with IB? If so, I may have to revisit them as a broker. I remember riskarb charting some reversals in his journal, it escapes me what the underlying was tho..
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    SPX Average Daily Volume

    The CBOE website will give you daily volume across all strikes. If you are searching a specific strike(e.g. ATM) you may need to purchase a data vendor like the one here: http://www.csidata.com/data/options/index.html GL.
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